Technical Analysis for ALEAF - Aleafia Health Inc.

ALEAF closed down 2.75 percent on Tuesday, December 18, 2018, on 74 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.